Mode Analytics announces $33 million funding to continue making its platform more sophisticated to help data scientists

Mode | August 07, 2020

Data science is the name of the game these days for companies that want to improve their decision making by tapping the information they are already amassing in their apps and other systems. And today, a startup called Mode Analytics, which has built a platform incorporating machine learning, business intelligence and big data analytics to help data scientists fulfill that task, is announcing $33 million in funding to continue making its platform ever more sophisticated.

Spotlight

This infographic represents the core phases of the big data journey described in IBV study, Analytics: real-world use of big data, as well as some tips and findings for each phase. But the study itself offers much more! Review the infographic but also download the study to learn about big data objectives and challenges of SMB organizations taking the journey and the current state of the technology that they are using to drive results. It also offers a pragmatic course of action for SMB companies to take as they dive into this new era of computing...


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BIG DATA MANAGEMENT

Phocas Software selected as preferred data analytics technology by ADS Solutions

Phocas Software | March 21, 2022

A new partnership between Phocas Software and ADS Solutions will help small- to mid-sized businesses in the wholesale distribution and light manufacturing industries use their business data to improve reporting, insights and decision making. ADS Solutions, creator of cloud-based Accolent ERP, has selected Phocas as its preferred data analytics platform to complement the ADS Solutions application. Together, Phocas and ADS Solutions will create a list of standardized reporting and dashboards for Accolent ERP customers by industry with a goal of delivering a more efficient reporting solution and allowing users to quickly and easily monitor key performance indicators (KPIs). “As cloud-based solution providers with thousands of users in wholesale and manufacturing, Phocas and ADS Solutions understand the value of delivering technology that is intuitive, readily available and optimized for specific industries,” said Jay Deubler, president of Phocas U.S. “Out-of-the-box, Phocas is primed to help Accolent ERP customers with reporting and dashboards they need to eliminate guesswork and be more strategic with critical business decisions. We have purposely built Phocas to integrate seamlessly with solutions like Accolent ERP and encourage quick and broad adoption because of its simplicity and familiarity.” “Accolent ERP customers need an intuitive data analytics and reporting solution that Phocas Software can provide. With only a few clicks, Phocas will provide Accolent ERP customers with access to easy-to-understand, actionable business intelligence, allowing them to fully capitalize on the value of their information.” Ian Pereira, CEO of ADS Solutions Phocas has more than 30,000 daily users, and is built with KPIs and metrics that are specific to roles and industries of ADS Solutions’ customers. Phocas will provide ADS Solutions with extensive sales and technical training about its base business intelligence platform, Financial Statements solution and Budgeting and Forecasting workflows. ADS Solutions’ customers will also have access to Phocas vast online training and support tools, including Phocas Academy and Phocas User Group Forum. About Phocas Software Phocas is a cloud-based, SaaS company specializing in data analytics for the manufacturing, distribution, retail industries. The software incorporates sector knowledge to consolidate essential business data from common ERP, CRM, and AP/AR systems to make it simple to access companywide insights and financial performance through historical and predictive analysis. A core philosophy at Phocas is to make software intuitive so users of all skill levels can track and report on essential KPIs that are specific to their roles and industries. Phocas comes with out-of-the-box metrics, powerful interactive dashboards and broad functionality to provide immediate benefits and adoption. Users can also customize the software to meet their unique analytics and reporting needs. About ADS Solutions ADS Solutions is a leader in providing powerful, intuitive, and easy-to-use Cloud-based ERP software to wholesale distributors, light manufacturers and services businesses. ADS Solutions’ Accolent ERP software delivers fully integrated, end-to-end functionality for sales, CRM, order management, inventory control, warehouse management, fulfillment, purchasing, eCommerce and GAAP financial reporting capabilities. Accolent ERP is optimized for the wholesale distributors, light manufacturers and services businesses, across a broad range of vertical industries.

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BIG DATA MANAGEMENT

Money.Net Launches Financial Data and Analytics Platform for Institutions

Money.Net | February 18, 2022

Money.Net, a financial data and analytics company, announced today that it has launched an enhanced platform for institutional users, which provides cost-effective access to professional-grade financial tools. Available immediately, Money.Net supports institutional users throughout the entire investment journey leveraging next-generation technologies including artificial intelligence (AI) and machine learning to mine big data. Money.Net provides financial data across an array of asset classes including equities, fixed income, crypto, commodities, foreign exchange, and derivatives/options. Users are able to access information and analytics via the web and an Excel integration, complete with customizable layouts and live support. The platform is offered at several levels, including Pro, Premium and Enterprise. Users at all levels will gain access to real-time market data and news, portfolio monitoring, analysis and charting tools, and the ability to access the Symphony technology platform. Money.Net, operating under new ownership, has established a new management team led by Vincent Sangiovanni, chief executive officer, and Jason Emerson, chief operating officer. Sangiovanni joins Money.Net from 360T GTX, a Deutsche Börse company, and Emerson joins from Pico Quantitative Trading. With over 50 years of combined experience, the two executives bring to the platform extensive industry knowledge and an intuitive understanding of investors’ needs. “It is a new era for Money.Net. We are bringing together next-generation technology with Money.Net’s easy-to-use interface to help users seamlessly research, analyze and support their investment decision making process. Our team brings broad and deep experience developing multi-asset class solutions for institutional users.” Vincent Sangiovanni, CEO of Money.Net As part of the launch, Money.Net has established strategic partnerships to better serve the needs of institutional investors. Cosiac’s ChartIQ provides customizable charts that combine intuitive visualization with multi-asset class data to deliver actionable, tradable insights. Symphony provides access to the largest global community in financial services through its secure and compliant communication stack, with chat, voice and video meetings, and file and screen sharing, allowing investors to interact in real-time. Trading Central provides AI and machine learning technology to find and validate trading opportunities while managing risk. "Trading Central has empowered investors with actionable analytics for over two decades, making us a natural partner for Money.Net," says Alain Pellier, CEO of Trading Central. "Their mission to democratize financial research is a perfect fit for our solutions, and we're proud to see our market insights reach more investors through their platform." “Money.Net has been a long-time ChartIQ client and partner, and we’re excited to be working with the new management team as they launch their new institutional platform,” says Dan Schleifer, CEO of Cosaic (founded in 2012 as ChartIQ). “Money.Net brings a wealth of market data to its clients, and we’re proud that ChartIQ is the data visualization engine powering their new institutional platform.” About Money.Net Money.Net is a financial data and analytics company serving investors across virtually all asset classes. We help investors research, analyze and monitor financial markets in real-time with the support of next-generation technology. Our mission is to empower all investors with cost-effective access to professional-grade financial tools.

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DATA ARCHITECTURE

Linq Analytics Extends Master Data Management and FP&A Capabilities

Linq Analytics | January 18, 2022

Linq Analytics, LLC, a provider of software and services for adaptive customer data management and analytics, announced today its acquisition of certain assets of Altius, Inc., a privately-held company with US offices in Sugar Land, TX. Altius' Flex™ suite of planning and Master Data Management (MDM) products give users the ability to augment Microsoft Excel™-based financial models with data enrichment and workflows, providing them a more accurate understanding of their information and enabling management tailored to their business. The addition of the Flex™ suite to the Linq Analytics portfolio will add capabilities that extend both Linq's Account Hierarchy Management Solution and associated analytics and workflows, helping Clients realize additional value across the Customer data chain through more agility in data integration, extensive analytics insights, and decreased redundancy. "Our Clients and Partners have expressed a desire to seamlessly connect their customer data from multiple CRM and ERP instances with existing analytics and finance workflows. We believe that adding the Flex™ capabilities helps us to provide a more complete solution that can drive additional value for our Clients." Brandon Swalve, Linq Analytics' co-founder and CEO As part of this transaction, Linq Analytics will appoint Noel Phillips as Chief Technology Officer. "In addition to the product capabilities, I'm excited to welcome Noel to Linq," continued Swalve. "He adds significant technical knowledge, functional expertise, and strong leadership to our rapidly expanding team, and our Clients will feel his impact quickly." "I'm very excited to join the superb team at Linq Analytics. I know the combination of Linq's innovative CRM and ERP tools - along with the Flex™ Planning Platform - will prove incredibly powerful. It tells a compelling story and will benefit current and future clients alike. I can't wait to see what we will achieve together." The Flex™ product suite will continue to be available from Linq Analytics. Support services for current Flex™ clients will be delivered through Altius, with transition for support expected to occur in Q2 2022.

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Piano Partners with Snowflake to Help Teams Leverage the Power of Advanced Analytics

Piano | January 19, 2022

Piano, the Digital Experience Cloud, today announced a partnership with Snowflake, the Data Cloud company, to help businesses understand and activate their data at scale. As part of the Powered by Snowflake program, Piano leverages Snowflake as the cloud-based data platform for its sophisticated analytics tool—making it fast and easy to store, query, enrich and securely share data within the Snowflake ecosystem. These advanced capabilities enable real-time, accurate analysis of customer behavior to help organizations drive personalization at scale. Launched in September 2021, Piano Analytics delivers a powerful analytics solution designed for broad accessibility and manipulation, regardless of an employee's level of data proficiency. By democratizing access to data, businesses can eliminate data silos and ensure all teams, from marketing to sales, data science to operations, are operating from a single source of truth. A core feature of the Piano Analytics solution is its superior data harvesting, which ensures data is clean, privacy-compliant, reliable and never sampled. This reduces risk for businesses and means they're able to confidently chart their path forward using the most accurate information at their disposal. The Snowflake partnership improves data portability for Piano Analytics customers, who can now use Secure Data Sharing within Snowflake to easily connect their high-quality data into other systems in the Snowflake Data Cloud, such as business intelligence tools or data governance tools. This process, which can be completed in as few as two clicks, eliminates data silos within an organization, ensuring all teams can access and work from the same reliable source of information. Thanks to Snowflake's architecture, Piano Analytics users also benefit from faster querying times, allowing teams to understand and optimize campaigns faster without compromising data quality or integrity. "We've long admired Snowflake's leading position in the data industry. When we built our Piano Analytics platform on Snowflake, we knew it would dramatically enhance both our capabilities and our user experience. As our relationship continues, we're eager to partner with Snowflake in new ways to revolutionize how organizations work with their data and use it to create superior digital experiences for their customers." Trevor Kaufman, CEO, Piano Piano's tools for data analysis and activation are already used by blue chip clients in many industries, including publishing, broadcasting, financial services, travel and more, to understand their audiences and personalize customer experiences. "The Snowflake and Piano partnership is focused on providing customers with the tools to enhance the customer experience with cutting-edge efficiency and performance," said Colleen Kapase, SVP of Worldwide Partnerships at Snowflake. "Together, we can empower joint customers to drive personalized digital strategies and connect them to other data-driven organizations through the Snowflake Data Cloud." Learn more about this partnership during Snowflake's Media Data Cloud Summit on January 19, 2022. Piano will discuss how secure data sharing through Snowflake helps organizations put the right data in the hands of every employee. About Piano Piano's Digital Experience Cloud empowers organizations to understand and influence customer behavior. By unifying customer data, analyzing behavior metrics and creating personalized customer journeys, Piano helps brands launch campaigns and products faster, strengthen customer engagement and drive personalization at scale from a single platform. Headquartered in Philadelphia with offices across the Americas, Europe and Asia Pacific, Piano serves a global client base, including Air France, the BBC, CBS, IBM, Kirin Holdings, Jaguar Land Rover, Linkedin, Nielsen, The Wall Street Journal and more. Piano has been recognized as one of the fastest-growing, most innovative technology companies in the world by World Economic Forum, Red Herring, Inc. and Deloitte.

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Spotlight

This infographic represents the core phases of the big data journey described in IBV study, Analytics: real-world use of big data, as well as some tips and findings for each phase. But the study itself offers much more! Review the infographic but also download the study to learn about big data objectives and challenges of SMB organizations taking the journey and the current state of the technology that they are using to drive results. It also offers a pragmatic course of action for SMB companies to take as they dive into this new era of computing...

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